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I bought a used 2014 Ford Explorer on Friday. When i picked it up i noticed it had commercial plates (Black on white) on it and that the sticker was on the back upper right where it would usually be with normal passenger plates.

The ownership lists COM as well.

My Questions:
Are these the right plates for this vehicle?
Shouldn't the sticker go up front?
Do i need anything noting that this is a passenger vehicle?

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My knowledge on this dates back to the 1990's, so things may have changed. Unless somebody else confirms, take it with a grain of salt.

1) In theory any vehicle can be registered as commercial or passenger. Once registered in a class, that class can never be changed.
2) The correct location for the valtag for a commercial vehicle is on the front.
3) You can somehow designate a commercial vehicle as "for passenger use only" and get a red sticker for the front plate indicating this. I don't know what the legal or quasi-legal ramifications of this are.

If in doubt, call the MTO help line. I've found that (once you get done waiting in line) the help desk folks there are generally pretty good to deal with.